Foreign Funds Slow To Buy US Property Despite Tax Change

By Andrew McIntyre (July 22, 2016, 7:16 PM EDT) -- Foreign pension funds have not ramped up their direct investment in U.S. real estate despite changes late last year to the Foreign Investment in Real Property Tax Act, and many firms remain unclear as to how exactly they might qualify for the new tax exemptions under FIRPTA, lawyers say.

The Protecting Americans from Tax Hikes Act of 2015, signed into law by President Barack Obama in late December, made qualified foreign pension funds exempt from the standard 15 percent FIRPTA rate of withholding upon the sale of U.S. real property, but more than half a year later questions still abound as...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!